74
74
Dec 5, 2012
12/12
by
CSPAN2
tv
eye 74
favorite 0
quote 0
obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has very unique housing requirements and also higher costs. hud has committed to in the president says they will coordinate with your efforts. >> mr. chairman, the housing program were actually looking at three pretty substantial areas. the first was the temporary sheltering and that is where maybe the home was destroyed but they couldn't get back in. they had power outages or other damages. we would provide in cooperation state request on a car share basis short-term, namely hotels, motels measured in weeks and we are extending as the states requested. the traditi
obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has...
175
175
Dec 9, 2012
12/12
by
CSPAN
tv
eye 175
favorite 0
quote 0
here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine debris. that will be a huge issue for the northeast as it was on the gulf coast and those rules and regulations are all tied up in knots. let's use that opportunity to get that straight because there will be a lot of debris in the marshes, rivers, wetlands all along the east coast and it's not necessary for people to suffer the way that we did in trying to get to that debris because so many jurisdictions, etc. i want the staff to make a note of that to make sure we address that. senator mikulski. >> thank you, madam chair. >> if your not careful coming will have a mikulski an
here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine...
209
209
tv
eye 209
favorite 0
quote 1
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose acts of kindness are bringing people to tears throughout the country. >> oh, gosh. i feel like i just got million dollars. >> he goes from city to city surprising folks with $100 bills, sometimes spending up to $100,000 a year. >> it's not about the money. it's really about committing random acts of kindness. one of the great things we can do. >> he has been spreading holiday cheer since 2006 after the original secret santa, larry stewart, was diagnosed with cancer. >> i asked him if he had any regrets. he regretted he couldn't have helped more people. i told him i'm going to take as many hundred dollar bills as i can and stamp your nam
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose...
181
181
tv
eye 181
favorite 0
quote 0
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose acts of kindness are bringing people to tears throughout the country. >> oh, gosh. i feel like i just got million dollars. >> he goes from city to city surprising folks with $100 bills, sometimes spending up to $100,000 a year. >> it's not about the money. it's really about committing random acts of kindness. one of the great things we can do. >> he has been spreading holiday cheer since 2006 after the original secret santa, larry stewart, was diagnosed with cancer. >> i asked him if he had any regrets. he regretted he couldn't have helped more people. i told him i'm going to take as many hundred dollar bills as i can and stamp your nam
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose...
149
149
Dec 6, 2012
12/12
by
CSPAN2
tv
eye 149
favorite 0
quote 1
here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank you senator cook corcoran. thank you for raising the river debris. those are tied up. let's use the opportunity to get that straight because they're going to be lofts, you know, debris in the mashes and rivers and wetlands along this, you know, islands along this east coast and it just not necessary for people to suffer the way we did trying to get that debris. so many different jurisdictions and et. cetera. thank you for raising that. i want staff to make a note so question make sure we address that. senator? >> thank you madam chair. i don't want to pull a landrieu. i want
here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank...
93
93
Dec 7, 2012
12/12
by
CSPAN2
tv
eye 93
favorite 0
quote 0
senator from new jersey been a very important and passionate argument about the effects of hurricane sandy. in pennsylvania we had significant damage, but exclusively almost entirely from wind damage. millions lost power, but the damage was incomparable to the damage compounded by the water damage done along the shore. i'm looking forward to see the supplemental well-crafted and i hope properly outside because we also have a fiscal crisis of enormous magnitude. necessary spending to address emergencies is very real. it's really important at the outset. thank you, mr. chairman. >> i would like to thank secretary donovan for his testimony and for being here with us today. the financial stability of the fha is an issue the committee does not take lightly and we will continue this dialogue to take action where necessary to protect taxpayers. we appreciate your testimony, mr. secretary. this hearing is adjourned. >> thank you, mr. chairman. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> the supreme court will
senator from new jersey been a very important and passionate argument about the effects of hurricane sandy. in pennsylvania we had significant damage, but exclusively almost entirely from wind damage. millions lost power, but the damage was incomparable to the damage compounded by the water damage done along the shore. i'm looking forward to see the supplemental well-crafted and i hope properly outside because we also have a fiscal crisis of enormous magnitude. necessary spending to address...
122
122
tv
eye 122
favorite 0
quote 0
one is sandy. at one quarter of america's population didn't do anything for three four days. the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo directo
one is sandy. at one quarter of america's population didn't do anything for three four days. the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on...
187
187
Dec 7, 2012
12/12
by
FOXNEWSW
tv
eye 187
favorite 0
quote 0
at the least, the congressman hopes hurricane sandy is a major wake-up call. >>neil: you putting in a long day. >>guest: hour 13 and counting. >>neil: thank you. billions in aid is requested to help with the hurricane sandy and a big chunk of that will get doled out by fema but my next guest should they get rid of the middleman and get the money directly to the victims. my guest survived san difficult but his home did not. how is it now? >>guest: we are rebuilding, starting to rebuild. i have flood insurance. people this is flood insurance are worse off. if you lost your house, you have a cap and everything that you heard from the reporter, the stalling and the delay and they didn't know how to approach the situation, because there are three million people involved, or, maybe more, from jersey all the way to long island, you had maybe eight million that could be affected and in katrina it was only 300,000 affected. how could you put a cap of 31, 31,$31,900? how do you give $31,900 in how do you calculate that? >>neil: did they tell you how they calculated that
at the least, the congressman hopes hurricane sandy is a major wake-up call. >>neil: you putting in a long day. >>guest: hour 13 and counting. >>neil: thank you. billions in aid is requested to help with the hurricane sandy and a big chunk of that will get doled out by fema but my next guest should they get rid of the middleman and get the money directly to the victims. my guest survived san difficult but his home did not. how is it now? >>guest: we are rebuilding,...
158
158
Dec 6, 2012
12/12
by
CSPAN2
tv
eye 158
favorite 0
quote 0
sandy reminded us of a very stark reality. we can either invest in protections now or we will pay more later. i would like to spend a little time talking about the mitigation issue in two areas. fema and localities and flexibility to mitigate against future disasters of we can save taxpayer money. the electric grid. on long island, public power agency long island power authority suffered unprecedented damage to an unprotected system. 4,500 polls, 400 miles of electrical line, 50 of one under 85 substations victims. 1 million people were without power. and for over two weeks the country watched as an inept and unprepared utilities struggled to even communicate let alone restore power. did not do enough target the system or flood prove substations . that type of system that allows you to use computers and sensors to respond to adages, learn where the damages and communicate with customers. the lack of investment and foresight is now costing us big-time. it does not give me pleasure to report to this committee that we will be sub
sandy reminded us of a very stark reality. we can either invest in protections now or we will pay more later. i would like to spend a little time talking about the mitigation issue in two areas. fema and localities and flexibility to mitigate against future disasters of we can save taxpayer money. the electric grid. on long island, public power agency long island power authority suffered unprecedented damage to an unprotected system. 4,500 polls, 400 miles of electrical line, 50 of one under 85...
99
99
Dec 2, 2012
12/12
by
CSPAN2
tv
eye 99
favorite 0
quote 0
a number of cholera cases have increased with hurricane sandy. we're dealing and people tend to forget we are -- canceling canceling with urgent and difficult situation in haiti. >> where did "so spoke the earth: the haiti i knew, the haiti i know, the haiti i want to know" come from? >> it is anin wy difcu anthologs edited by a group of women here >> miami of women writers called women writers of haitianf decedent.o wr one of theer intellectual wrote. book "so spoke the uncle" he advocated for haitians to take control of their stories, to tell their stories "barack obama: the stories" of their lives at literature and those women, the groups of women got together and edited this that cover the three sections in. the haiti i know, the haiti i want to know, and the haiti of the future, and different women talk about theiri experiences. both in haiti. it's an tholings in english,. french, and creole. it's cross generational. we talk about the people that were there and survived it.abouh talk about the friends and neighbor, they mourn, they celebrate
a number of cholera cases have increased with hurricane sandy. we're dealing and people tend to forget we are -- canceling canceling with urgent and difficult situation in haiti. >> where did "so spoke the earth: the haiti i knew, the haiti i know, the haiti i want to know" come from? >> it is anin wy difcu anthologs edited by a group of women here >> miami of women writers called women writers of haitianf decedent.o wr one of theer intellectual wrote. book "so...
198
198
Dec 7, 2012
12/12
by
CNNW
tv
eye 198
favorite 0
quote 0
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
194
194
Dec 10, 2012
12/12
by
KQED
tv
eye 194
favorite 0
quote 0
both the creek and the canal overtop their banks when sandy's storm surge reached them. the water lapped on to sidewalks and poured into buildings nearby. here in the green point neighborhood the newtown creek is less than a quarter mile away. one of new york's biggest sewage treatment plants, which was also in the flood zone, is just around the corner. resident jacqueline lomb barred says water poured into her house from both directions. >> the evening that sandy hit, we were hit with an eight-foot storm surge. that basically flooded my basement up through the ceiling and my landlord's basement here up through their first floor. so it was a very smelly noxious mix. >> reporter: the flood waters drained out of lomb barred's basement imikly but left a lot of muck behind. >> there was a lot of silt, a lot of mud, a lot of debris. sewage that flowed in and then flowed out. and the residue was left. >> reporter: the flood left residue in this person's waterfront furniture workshop too. >> there was an oily sheen, a slippery feel to everything. i saw a good number of things t
both the creek and the canal overtop their banks when sandy's storm surge reached them. the water lapped on to sidewalks and poured into buildings nearby. here in the green point neighborhood the newtown creek is less than a quarter mile away. one of new york's biggest sewage treatment plants, which was also in the flood zone, is just around the corner. resident jacqueline lomb barred says water poured into her house from both directions. >> the evening that sandy hit, we were hit with an...
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
277
277
Dec 7, 2012
12/12
by
FOXNEWSW
tv
eye 277
favorite 0
quote 0
everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey week. >> you've had a chance to go through the whole report. any other headlines stand out at you? >> well, we're substantially revisions in september and october. 50,000 fewer jobs created in those two months than had previously been expected and the labor department does say that we should get a better read of any possible impact of sandy on individual states and regions when they release other numbers, other reports on those in two weeks from now. >> peter barns, thank you very much. i will repeat this because it is a surprise, 7.7% is the unemployment rate. 146
everybody suggested that sandy would have a significant impact. but the labor department itself is saying no, it did not. is that correct, peter? >> that's correct. and it's because of the way the labor department retrieves and asks businesses and people about their employment. for example, if you work for one hour during a week and there is a storm, you're still counted as employed. for you not to be counted as employed, you can work no hours and get no pay during the particular survey...
151
151
Dec 7, 2012
12/12
by
CURRENT
tv
eye 151
favorite 0
quote 0
believer in climate change to understand the ding dangers from extreme weather are already here after sandy, after katrina, after record droughts in the midwest, why aren't we seeing more meaningful action from congress on climate change? well, i got four words for you: charles & david koch conservative brothers with combined net worth of $80,000,000,000, $80,000,000,000 have spent a fortunate to kill climate legislation. they have also funded climate change denial science, and they've waged an all-out attack on clean air laws of the. the top 25 senators who have received the most campaign cash from from, seven sitting here today on the environmental public works committees and big surprise. they are all republicans and they have all voted in favor of oil interests. john barasso, jim inhoff and lamar alexander have voted for fossil fuels 94% of the time. the koch brothers have given $60 million to groups that fund climate denial research including senator jim demint's new home the heritage foundation. right now, halfway across the world in doha qatar, world leaders are meeting for climate t
believer in climate change to understand the ding dangers from extreme weather are already here after sandy, after katrina, after record droughts in the midwest, why aren't we seeing more meaningful action from congress on climate change? well, i got four words for you: charles & david koch conservative brothers with combined net worth of $80,000,000,000, $80,000,000,000 have spent a fortunate to kill climate legislation. they have also funded climate change denial science, and they've...
75
75
Dec 3, 2012
12/12
by
CSPAN
tv
eye 75
favorite 0
quote 0
think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market comes in, they're going to take those and take the business away from the fha. i will celebrate that, because that is business that the private sector should do. we are waiting for it to come in order to get them into that market. >> any changes you think the fha ought to be considering? sometimes we hear about the fha crowding out private capital. do you think there is a case to be made to bring the fha loan limits down? >> no, i do not. the product -- the problem with this point for the private sector is it is not they're not all may for the 700,000 and under. it is not there for the 700,000 and over either. t
think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market comes in, they're going to take those...
149
149
Dec 4, 2012
12/12
by
CSPAN
tv
eye 149
favorite 0
quote 0
also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze on a lot of things. if they puts a freeze on these things, i would give the peopl e time to spend money. also, they are talking about medicare. i don't understand why medicare has to be a big thing. i pay medicare every month. $100 comes out of my check for medicare. i am not understanding why medicare is such a big problem when we have paid into medicare. the government is not giving us anything. that is all i wanted to say. host: the front page of "the washington post" -- itss about aarp anand lobbying efforts. that is an "the washington post" today about the aarp. here is the politico story. it says h
also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze...
193
193
Dec 9, 2012
12/12
by
CSPAN
tv
eye 193
favorite 0
quote 0
it was planted just days before hurricane sandy and it made it through the storm in one piece. now we know that some of our neighbors to the north saw a more ruthless and destructive sandy. and this holiday season is ep live difficult for families who lost everything in the storm. it's also time for us to be grateful for the% veeverpbes of men and women in the storm's path that show us that americans will always be stronger than the challenges we face. as i did before thanksgiving i can't help but tell a story of their holiday spirit. in midland beach new york on a street lines with businesses devastated by the storm. a big christmas tree shines out of the darkness. just a couple of weeks ago as impacted families were seeking some sense of getting back to normal, one local nursery donated the tree and another chipped in for the lights and star. and 70-year-old tom and his long-time bud disfrom the area planted it at the end of the street overlooking the town beach. as tom says, the tree has one message. it's christmas time, not disaster time. and tom is right. for centuries the
it was planted just days before hurricane sandy and it made it through the storm in one piece. now we know that some of our neighbors to the north saw a more ruthless and destructive sandy. and this holiday season is ep live difficult for families who lost everything in the storm. it's also time for us to be grateful for the% veeverpbes of men and women in the storm's path that show us that americans will always be stronger than the challenges we face. as i did before thanksgiving i can't help...
186
186
Dec 9, 2012
12/12
by
CSPAN
tv
eye 186
favorite 0
quote 0
i know our neighbors to the north had a more ruthless and destructive sandy. it was especially difficult for families who lost everything in the storm. this is a time for us to be grateful for the heroism and the perseverance of the men and women who showed us that americans will always be stronger than the challenges that we face. as i did before thanksgiving, i can help but tell a story of their and during holiday spirit. in midland beach, new york, among the businesses devastated by the storm, a big christmas tree shines out of the darkness. as impacted families were still getting back to normal, one local nursery donated the tree. another chipped in for the lights. and 70-year-old, and his longtime buddies in the area planted it at the end of the street overlooking the town beach. as tom says, the tree has one function. it is christmas time. not disaster time. that sounds right. it brings you the message of christmas and peace and goodwill to all. it has guided people all around the world through good times, but also through bad times. is a chance for all
i know our neighbors to the north had a more ruthless and destructive sandy. it was especially difficult for families who lost everything in the storm. this is a time for us to be grateful for the heroism and the perseverance of the men and women who showed us that americans will always be stronger than the challenges that we face. as i did before thanksgiving, i can help but tell a story of their and during holiday spirit. in midland beach, new york, among the businesses devastated by the...
115
115
Dec 5, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public infrastructure that will likely need to be covered by other agencies. this includes damage to harbors and channels as well as roadways which will require significant funding through army corps and the department of transportation. for rhode island, which has felt the effects of the economic downturn as much as any state and today ranks second in the nation in unemployment, recovery from the third major disaster in three years will be a significant challenge. this is a point emphasized by governor chafee who wrote to president obama abou
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public...
161
161
Dec 7, 2012
12/12
by
MSNBCW
tv
eye 161
favorite 0
quote 0
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesses
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm...
125
125
Dec 7, 2012
12/12
by
CSPAN
tv
eye 125
favorite 0
quote 0
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system just for the second time in our 108-year history. as it turned out, even our preparation, would not actually, could not protected our entire system from the full-force of sandy's rather. what we saw was truly unbelievable. we watched more than 86 million gallons flood and rush into the two tubes. once sandy passed our top priority was to restore service as quickly and safely as possible. i could not be more proud of the workers and the labor and management who worked so well. we had buses up and running seven hours after the storm, nine hours after that we were
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system...
155
155
Dec 9, 2012
12/12
by
CSPAN
tv
eye 155
favorite 0
quote 0
senator from new jersey made a very important and impassioned argument about the effects of hurricane sandy. we had damage in pennsylvania mostly from wind. the damage was not comparable to the damage by the water damage done along the shore. i am looking forward to seeing a supplemental that is well- crafted. we have a fiscal crisis of enormous magnitude. the necessary spending is very real to address the emergency. it is important that the offset. >> thank you. i would like to thank the secretary for being here today. the financial stability of the fha is an issue the community does not take lightly. we will continue the dialogue and take action where necessary to protect taxpayers. we appreciate your testimony. this hearing is adjourned. >> thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow, talking about the automatic budget cuts totaling almost $1.20 trillion including $500 billion in defense spending. >> the supreme court will look at what was passed in 2008 by a majority of 6-3 and they will say its
senator from new jersey made a very important and impassioned argument about the effects of hurricane sandy. we had damage in pennsylvania mostly from wind. the damage was not comparable to the damage by the water damage done along the shore. i am looking forward to seeing a supplemental that is well- crafted. we have a fiscal crisis of enormous magnitude. the necessary spending is very real to address the emergency. it is important that the offset. >> thank you. i would like to thank the...
197
197
Dec 4, 2012
12/12
by
KPIX
tv
eye 197
favorite 0
quote 0
auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to 30,000 sales last month with as many as 30,000 vehicles needing to be replaced. the big three auto makers all posting gains in sales. general motors up 3%. ford 6.5%. and chrysler sales increased 14%. >>> drug maker pfizer is preparing to cut back its work force. the layoffs will target sales representatives who market drugs to doctors. pfizer is facing increased competition from generic drugs, particularly from the generic version of its cholesterol medication lipitor. >>> mitt romney may not have gotten the job he wanted when he lost the presidential election, but he's going back to work. romney will rejoin
auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to...
607
607
tv
eye 607
favorite 0
quote 0
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50 largest companies. one economist says the move is imminent. when it moves into an index like that, portfolio managers and fund managers buy it, because many of them have funds that track the s&p 500. >> how do you feel about that jobs report? . . >> i would like to see a triple digit number, but i don't think we'll see it because of sandy, end of the year, companies are nervous. >>> we're watching a developing story in egypt where protests in the streets are expected against the country's president again. we are live from cairo after a quick break. >>> and rescue. a woman saved after police say her ex-husband t
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50...
107
107
tv
eye 107
favorite 0
quote 0
apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for stocks this morning. dow industrials, 51 points. back in a moment with a young republican. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for ristmas delivery. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to bathe, i thought those days might be over. so my doctor prescribed symbicort. it heps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicor
apparently no impact from superstorm sandy. the unemployment rate went down 7.7%. here is the reason why. the labor force participation rate down to 63.6%, and 350,000 people passed the work force and gave up looking for work. that is the real story in the jobs report. that is why many -- why the rate came down. a lot of people flat out discouraged. the white house releasing a statement on the jobs report, same as always saying the economy is growing, policies are working. only a small game for...
260
260
Dec 7, 2012
12/12
by
CNNW
tv
eye 260
favorite 0
quote 0
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
236
236
Dec 8, 2012
12/12
by
CNNW
tv
eye 236
favorite 0
quote 0
. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers tweeting that he's proud and honored to join the party in the home of president obama. crist ran for the u.s. senate as an independent in 2010, but was defeated by marco rubio. some are speculating this move is in preparation for another run for governor against rick scott in 2014. >>> the supreme court has decided to take up two major same-sex marriage cases. the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. right now around 120,000 legally married same-sex couples in the u.s. the second is california's proposition 8. that made same-sex marriage i
. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers...
197
197
Dec 10, 2012
12/12
by
FOXNEWS
tv
eye 197
favorite 0
quote 1
not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace what was not. you think there could have been a easier process. >> they know each child that was affected. this child gets a free lunchh and this doesn't. that's how they should do it. >> gretchen: they are saying that the storm will cost the american taxpayer $60 billion. is this a waste of the money. >> i think it should go to families who need it i am not getting anything. my homeowners and flood insurance is not giving me anything. they are just giving rental assistance. it should just go to families. >> gretchen: we are looking at pictures of devastation
not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace...
85
85
Dec 6, 2012
12/12
by
FOXNEWS
tv
eye 85
favorite 0
quote 0
superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the lowest pressure on record at this latitude. so that is impressive. what pressure means, the lower it goes, the stronger the storm that we are dealing with. jenna: if you remember this but at that time when janice was giving us that forecast it was going back and forth. is it a hurricane, is it not a hurricane, is it a hurricane? now the national hurricane center is taking a lot of heat because it didn't issue hurricane watches and warnings. the center proposed changes to criteria for storm warnings for everybody because of this one storm on the east coa
superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the...
82
82
Dec 8, 2012
12/12
by
CSPAN
tv
eye 82
favorite 0
quote 0
we can argue about whether or not the impact of sandy was or was not calculated. it is an undeniable the trajectory is positive. the one thing i think everyone you will speak to i believe is that there is a sense that if we can reach and act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. that is what we should be looking forward to. we should do that now. think of how many people out there making a judgment of whether or not they will spend another $300 on christmas gifts if they think next month they are going to have $260 less in their paycheck. thank you all very much. thank you all. good luck to you. good luck. thank you. than kyou k you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> this past thursday, south carolina and senator jim demint announced he is retiring from the senate. his colleague and fellow south carolina senator lindsey graham pay him tribute on the senate floor. >> madam president, i met with jim
we can argue about whether or not the impact of sandy was or was not calculated. it is an undeniable the trajectory is positive. the one thing i think everyone you will speak to i believe is that there is a sense that if we can reach and act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. that is what we should be looking forward to. we should do that now. think of how many people out there making a judgment of...
189
189
Dec 7, 2012
12/12
by
FOXNEWSW
tv
eye 189
favorite 0
quote 0
going to check on your house after super storm sandy and finding your home has completely vanished. that's exactly what happened to one new jersey homeowner. but get this. it was it was not the storm that took down his house, it was the new jersey department of transportation. why did the department of transportation do it? nick joins us. good evening, nick. >> good evening. how are you, greta. >> very good. tell me what happened. >> i first learned of when the storm first hit there was an aerial shot, a helicopter on an abc affiliate out of out of philadelphia and i saw my house off the foundation and slid into my neighbor's porch and slightly forward. we weren't allowed into town until two weeks later. the town was closed down and we were allowed in town two weeks later. we went down in school buses, hundreds of people, and we were told to bring one piece of luggage to take personal belongings out and when i walked up the street i found my lot was empty, it was gone. >> the department of transportation took your house but why the department of transportation? >> i have no idea. i
going to check on your house after super storm sandy and finding your home has completely vanished. that's exactly what happened to one new jersey homeowner. but get this. it was it was not the storm that took down his house, it was the new jersey department of transportation. why did the department of transportation do it? nick joins us. good evening, nick. >> good evening. how are you, greta. >> very good. tell me what happened. >> i first learned of when the storm first hit...
177
177
Dec 7, 2012
12/12
by
CNBC
tv
eye 177
favorite 0
quote 0
we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play something safe. play treasuries because you're not going to lose money on them. i'd play gold. i wouldn't be betting on that we're going to have a fix in place in the next 24 days that's going to lead to a big rebounds. >> all right. hang on one second, guys. we want to bring in and get your reaction to this rather surprising story that our phil lebeau has from illino
we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think...
259
259
Dec 6, 2012
12/12
by
CNNW
tv
eye 259
favorite 0
quote 0
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
39
39
Dec 6, 2012
12/12
by
MSNBC
tv
eye 39
favorite 0
quote 0
we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner. >> our power panel, my thanks to all three of you. i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lo
we've all seen those horrifying images from the devastation of hurricane sandy. it's not unreasonable the governor of the state of new jersey would come and say i need help. americans are going to see that. they see the republicans becoming increasingly sort of isolated and, again, it becomes this question of why are you holding the rest of us hostage for the top 2%? so the problem for the republicans is they don't have a lot of good options at this point to get themselves out of this corner....
131
131
Dec 6, 2012
12/12
by
CSPAN
tv
eye 131
favorite 0
quote 0
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my col
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing...
111
111
Dec 5, 2012
12/12
by
CNNW
tv
eye 111
favorite 0
quote 0
so for example, in the case of sandy, which was not an especially big hurricane, the economic impact was $30 billion and that's in the developed world where we have the resources to deal with it. when you have people displaced on a continental scale, we're not talking about a few people trying to get through a fence at a border between countries. we're talking about tens of millions of people trying to move north, trying to move out of southeast asia. you're going to have trouble. so the sooner we get started on that problem, the better. >> these predictions are based on climate models -- >> i appreciate your yelling. that's good. >> mark, do you accept that the ocean levels are rising, that the planet is getting hotter, that co2 emissions have dramatically increased in the last 50 years, and ice sheets are shrinking and the planet population is doubling and accelerating at a terrifying rate, and that the combination of all these things is likely to be a major problem for the next two or three generations, and therefore, doing nothing shouldn't really be a sensible responsible option
so for example, in the case of sandy, which was not an especially big hurricane, the economic impact was $30 billion and that's in the developed world where we have the resources to deal with it. when you have people displaced on a continental scale, we're not talking about a few people trying to get through a fence at a border between countries. we're talking about tens of millions of people trying to move north, trying to move out of southeast asia. you're going to have trouble. so the sooner...
68
68
Dec 10, 2012
12/12
by
CSPAN2
tv
eye 68
favorite 0
quote 0
and as we learned given that sandy, super storm sandy kourbgd just a few -- occurred just a few days close to the election, contingency plans for voting in the event of natural or other disaster that compels the delay of an election. these are the big areas mentioned in this fast voting act making it easier to register, making it easy to vote early, make it go easier to vote absentee, shortening lines, better preparing for catastrophes, making it easier for americans to exercise their right to tote. this is a good -- their right to vote. this is a good one. and i think i'm working with a host of civil rights and voter protection groups. it encourages states and localities to find new, creative and local solutions that other states can learn from. mr. president, as you know, in my service prior to coming to this body, i was a county executive and long active with naco, the national association of counties. counties have different roles in different states thr-fplt's mor- there's more than 3,000 counties spread across our 50 states but in most states they are responsible in part for ad
and as we learned given that sandy, super storm sandy kourbgd just a few -- occurred just a few days close to the election, contingency plans for voting in the event of natural or other disaster that compels the delay of an election. these are the big areas mentioned in this fast voting act making it easier to register, making it easy to vote early, make it go easier to vote absentee, shortening lines, better preparing for catastrophes, making it easier for americans to exercise their right to...
334
334
Dec 4, 2012
12/12
by
FOXNEWSW
tv
eye 334
favorite 0
quote 0
he was not moving after sandy destroyed his home. he was left with next to nothing . a few good numbers and 50 vol tierce heard about his story because the town was coming down on him because the remnants of the house was on the flant line. they built up the home from bottom up and look at the group and look at the inside of the house. here to share their heart felt story is the owner himself and the contractor. >> thank you. >> brian: sorry that the storm destroyed your house. i was stunned to find out the town was mad because of the garbage outside. >> yeah, it was outside . the mor said that they are going to pick it up . he gave us a piece of paper that said we picked up the garbage. if you put more out, you have to pay for it yourself. which i thought was pretty screwy. he should have waited until they got most put out. you can't just put everything. as you went on. you seen you couldn't use it you put it out. >> brian: on top of that your wife had a heart attack. >> she had the heart attack before the storm and in the hospital. you hear about this story and the
he was not moving after sandy destroyed his home. he was left with next to nothing . a few good numbers and 50 vol tierce heard about his story because the town was coming down on him because the remnants of the house was on the flant line. they built up the home from bottom up and look at the group and look at the inside of the house. here to share their heart felt story is the owner himself and the contractor. >> thank you. >> brian: sorry that the storm destroyed your house. i...
102
102
Dec 6, 2012
12/12
by
CNBC
tv
eye 102
favorite 0
quote 0
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...